Ryan Adams, an employee of heart breaker corp., will not receive her paycheck her paycheck until April 2. Based on services perform from march 15 to march 31, his salary was $1,000. The adjusting entry for heartbreaker corp., on march 31 is Salaries Expense 1,000 cash 1,000 Salaries Expense 1,000 Salaries Payable 1,000 Salaries Payable 1,000 Cash 1,000 No entry is required. Gagner Clinic purchases land for $150.000 cash. The clinic assumes $1, 500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2, 200. What amount does Gagner Clinic record as the cost for the land? $150,000 $132, 500 $132, 200 $154, 700 A debit is not the normal balance for which account listed below? Service Revenue Drawings Cash Accounts Receivable Net sales is sales less sales returns. sales discounts and sales returns and allowances. sales discounts. sales returns and allowances. The LIFO inventory method assumes that the cost of the latest units purchased are the first to be allocated to ending inventory. not allocated to cost of goods sold or ending inventory. the last to be allocated to cost of goods sold. the first to be allocated to cost of goods sold